When people think of selling gold they think of big gold bars stacked in heavy piles or locked away on pallets in Fort Knox. However, in the last few years, there have been gold buyers popping up on the Internet and on cable television. I have even seen ads in the newspaper for unwanted gold. When they see this, people think about gold coins and rings. Actually, gold buyers will take anything that you have that is made out of gold. This includes rings, or any other kind of jewelry, no matter how small. They will even buy your gold fillings if you want to sell them. This is a great time to sell any scrap gold jewelry as the price of gold is above $1,400 per ounce.
As Always, Caution is the Word of the Day
The tricky part about selling your scrap gold is figuring out where you will get the best price. As always, caution is the word of the day. A little bit of online research is called for when trying to get the best price on anything, nowadays. Gold buyers do not compete among themselves. This is good to remember when you do your research. Unlike other websites that buy, buy, buy, websites that buy and sell gold know that you are unlikely to do the kind of research that would dissuade you from selling your scrap gold once you have decided to do so.
You Have Many Options
The people who sell scrap gold are usually in a hurry. The folks that buy scrap gold online know that if you are ready to sell your jewelry or gold fillings, you are probably in a bind and need the money fast. For that reason, they offer fast service as opposed to high prices. Those that do claim to give you the best prices available are hoping that you do not know the price of gold and that you are not aware that you have many options. You do not have to sell scrap gold online. Your local pawnshop will give you money for your gold today. That is a lot faster than the days or even weeks that any website is stuck with. Always check online and with local pawnshops and coin shops to determine what are fair gold scrap prices before you sell your items.
Gold Plating
There is one thing that you have to be careful of and that is sending anything that claims to be gold but is actually gold plating. This means that a very thin layer of gold has been plated onto the top of another metal, usually silver or copper. I realized this while looking into online plumbing courses. The thought occurred to me when I realized that I have gold plated bathroom fixtures. I had wondered about the possibility of somehow removing the gold from the faucet. That is when I discovered that it is plated using a process called electroplating and the thin layer is .0294 troy inches per square foot, which is very thin. You would have to have a ton of gold plating to make it worth the effort. Maybe I need to take those plumbing courses and find myself a good career.
Sell Scrap Gold Online
The one thing that most people never think of when they sell scrap gold is to check the buyer with the Better Business Bureau. I found that many of the gold buying websites have hundreds of complaints lodged against them every year. Of course, not every company is out to get you. If you do the research, which includes the possible download of a gold prices calculator, you can sell scrap gold to a company with few or no complaints at the best possible price.
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